Equipment renewal and technological transformation are vital pathways for expanding industrial investment and key drivers for advancing the manufacturing sector towards high-end, intelligent, and green development. As the nation's top industrial city, Shenzhen recorded industrial technological transformation investment growth of 25.6% in 2024 and 19.2% in 2025, providing solid support for maintaining robust industrial development momentum. Recently, Shenzhen released several measures to intensify support for industrial enterprises in equipment renewal and technological transformation, outlining eight key initiatives. What are the highlights of these new policy measures, and what benefits do they bring to industrial enterprises?
**Boosting Industrial Investment to Consolidate Leading Position**
From January to February this year, the value-added of industrial enterprises above a designated size in Shenzhen increased by 10.4% year-on-year, accelerating by 5 percentage points compared to the full-year growth rate of the previous year. Specifically, manufacturing output grew by 11.3%. Among the major economic indicators for the first two months, total retail sales of consumer goods rose by 2.6%, and fixed-asset investment grew by 0.6%, while the double-digit growth in industrial value-added stood out as a bright spot in economic performance. The strong industrial production growth provides crucial support for achieving steady and progressive overall economic development.
Shenzhen's total industrial output value and industrial value-added from large-scale enterprises have ranked first among Chinese cities for four consecutive years, earning it the title of the nation's top industrial city. To consolidate this leading position and maintain sound industrial development momentum, Shenzhen has continuously increased industrial investment in recent years, with technological transformation being a key lever for enhancing industrial scale and efficiency.
Shenzhen promotes equipment renewal and technological transformation in the industrial sector, supporting enterprises in replacing outdated equipment with advanced technology, facilitating the upgrade of technical equipment and products, and achieving expanded production capacity, improved efficiency, and enhanced product quality. It guides enterprises to implement technological transformations focusing on high-end, intelligent, green, and integrated development, further driving high-quality growth in manufacturing.
The newly introduced measures introduce fresh policy initiatives to accelerate the application of new technologies, processes, materials, and equipment in industrial technological transformations, stimulate investment vitality in emerging industrial sectors, and expand effective industrial investment.
**Double-Digit Growth in Industrial Tech Transformation Investment Over Past Two Years**
Recent years have seen enhanced support from national and provincial levels for industrial equipment renewal and technological transformation. In 2025, the National Development and Reform Commission and the Ministry of Finance introduced policies to intensify and expand large-scale equipment renewal and consumer goods replacement programs, with support policies for large-scale equipment renewal continuing this year. At the provincial level, Guangdong's implementation plan for accelerating effective industrial investment from 2025 to 2027 explicitly calls for strengthened efforts to promote equipment renewal and technological transformation in industry, emphasizing seizing opportunities in new sectors like artificial intelligence and robotics to create new investment hotspots.
Reportedly, benefiting from relevant policies on equipment renewal and technological transformation, Shenzhen's industrial technological transformation investment grew by 25.6% in 2024 and 19.2% in 2025.
The newly released measures propose eight support initiatives. Major technological transformation projects will receive prioritized support. The measures encourage districts to leverage their specific goals and resource advantages to promote industrial enterprises in deploying significant technological transformation projects, using investment to drive capacity increases and facilitate industrial chain upgrades. For projects with technological transformation investment of 1 billion yuan or more, funding will be provided for up to 10% of the approved total equipment investment costs.
To encourage Shenzhen's industrial enterprises to fully utilize national large-scale equipment renewal policy support, the measures propose a 20% matching fund for industrial equipment renewal projects that receive ultra-long-term special government bond support, with a maximum subsidy of 1 million yuan per project.
**Specific Support for OpenHarmony, Robotics, and AI Applications**
Amid deepening technological revolution and industrial transformation, industrial scenarios are rapidly adopting new technologies and products like the OpenHarmony operating system, robotics, and artificial intelligence for technological upgrades. Aligned with Shenzhen's high-quality industrial development needs, the measures introduce targeted support initiatives.
The measures support core robotics component manufacturers and OEMs in building or expanding factories and promoting robotics applications in industrial manufacturing. For eligible technological transformation projects with investment of 10 million yuan or more, funding will be provided for up to 20% of the approved total investment costs, capped at 10 million yuan per project.
Support is also extended for the construction of embodied intelligence data collection sites, encouraging embodied intelligence robotics companies to invest in building such sites. For projects with investment of 10 million yuan or more, funding covers up to 20% of the approved total investment costs, with a maximum subsidy of 10 million yuan per project.
Enterprises applying "OpenHarmony/RISC-V" for technological transformation are supported. For industrial enterprises using the OpenHarmony OS for technological transformation with investment of 5 million yuan or more, funding is provided for up to 15% of the approved total investment costs. An additional 5% subsidy is available for equipment using RISC-V chips adapted for the OpenHarmony OS in core control and drive components, with a single project subsidy ceiling of 10 million yuan.
Concurrently, projects of the aforementioned types that receive ultra-long-term special government bond support are eligible for a 20% subsidy based on the bond support amount.
The measures also promote AI-enabled smart manufacturing, encouraging industrial enterprises to deploy computing infrastructure and build 5G factories, as well as卓越级 (outstanding) and领航级 (pioneering) smart factories. For eligible projects with technological transformation investment of 5 million yuan or more, funding covers up to 20% of the approved total investment costs, with a maximum subsidy of 10 million yuan per project.
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